LG Electronics India made a stunning debut on the stock exchanges, opening 50% higher than its IPO price, marking one of the most successful listings of the year. The stock was priced at ₹1,140 per share in the IPO and made its market entry at ₹1,710 on the NSE and ₹1,715 on the BSE, giving investors a solid early gain.
This listing wasn’t just good, it was spectacular. From day one, investors who got IPO allotment made around ₹7,400 profit per lot, reflecting strong market confidence in LG’s brand strength and growth outlook. The ₹11,600 crore IPO was a complete offer for sale, with about 10.18 crore shares on offer.
The overwhelming response during the IPO phase showed how much faith investors have in the company. The issue was subscribed 54 times overall, with institutional investors leading the charge at over 166 times. Retail investors and high-net-worth individuals also rushed in, making this one of the most talked-about IPOs in recent months.
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